
Asset Management
Retail
Redevelopment Analysis (Connecticut, New York)
Analyzed the redevelopment
potential of six shopping centers in Connecticut and
New York as part of a detailed asset analysis
undertaken in a Chapter 11 restructuring plan
formulation process involving a Connecticut real
estate development and management company.
Retail
Development Project (Taunton, Massachusetts)
Analyzed the development
feasibility and market potential of a 53 acre retail
land site abutting a 1.1 million square foot
regional mall in Taunton. The project later
involved interviewing and screening preliminary
proposals from ten different retail developers,
soliciting detailed development proposals from three
shortlisted companies, and choosing the most
qualified developer.
Asset
Repositioning and Redevelopment Analysis (Rhode
Island)
Analyzed the redevelopment
potential of two existing urban shopping centers and
the development potential of four residential sites
in various stages of buildout as part of a large
portfolio restructuring and property repositioning
plan for a Rhode Island developer.
Regional Mall
Development Project (Chesire, CT)
Analyzed the feasibility
of developing a well-located 150 acre retail land
site into a 300,000 square foot power center (Phase
I) and a 1 million square foot regional mall in
Cheshire and Southington, CT.
Development
Re-use Analysis (Tewksbury, Massachusetts)
Analyzed the feasibility
of converting a 45,000 square foot, 63 bed alcohol
detox clinic in Tewksbury into an alternative health
care/residential facility (e.g. nursing home,
intermediate care facility, congregate care, hospice
facility, specialty or medical care facility).
Land
Disposition and Development (Delaware River Valley)
Worked with the owner of a
3,000 acre assemblage of undeveloped land in the
outer-suburban area of New York City to structure
and implement a partial disposition for three land
parcels each in excess of 1,000 acres.
Industrial to
Residential Use Conversion (Saugus/Lynnfield,
Massachusetts)
Worked with the corporate
owner of 60 acres of surplus land to convert its use
to a planned subdivision of single family
residences. The project required a detailed
review of physical site constraints (e.g.
topography, soils, groundwater and depth to bedrock)
as well as zoning, site access, aesthetic
considerations and regulatory issues associated with
both towns (site straddled the municipal boundary of
two towns).
Joint Venture
to Privatize MBTA (Massachusetts)
Formed and co-directed a
joint venture team of real estate professionals and
technical support professionals to compete for the
Massachusetts state privatization of the MBTA's
(regional transit authority) real estate management
and development operations.
Project Management
Managed RFP
Process for Residential Development (Milton,
Massachusetts)
Designed, directed and
managed a solicitation of development proposals
(RFP) from the New England development community on
behalf of a Massachusetts charitable trust with
oversight by the Massachusetts Attorney's General
office to convert a 32-acre historic
residential property in Milton into an expanded
development of approximately 300 units of elderly
assisted living housing. The RFP attracted
over ten interested development firms and a detailed
design and financial review screening process was
used to select a winning bid among three exceptional
final proposals.
Development
Joint Venture (Seattle, Washington)
Directed the financial
analysis and development feasibility review for a
joint venture pursuing the master planned, mixed-use
development (office buildings, retail, apartments,
condos and a hotel) of a five-block assemblage of
waterfront land under competitive bid with the Port
Authority of Seattle.
Cost-Benefit
Analysis of Proposed Convention Center (Boston,
Massachusetts)
Conducted a cost-benefit
analysis for the proposed expansion of the
convention center in downtown Boston (Hynes
Convention Center) for the Boston Municipal Research
Bureau. The analysis involved review of design
plans, development budgets, market research,
economic modeling of projected tax receipts and the
expansion impacts and associated costs on the
neighborhood. The study was published by the
Municipal Research Bureau for distribution to the
state legislature, the Mayor's office, and the
general public.
Development
Mixed Use
Waterfront Development Project (Miami Beach,
Florida)
Directed a project team of
financial analysts, architects, engineers, and
design professionals to outline a detailed
development proposal for a 1.6 million square foot
mixed use waterfront project in Miami Beach.
The development project, which incorporated an
existing 400-slip marina as part of the proposed
assemblage, included 1,100 new residential units in
four complexes, 44,000 square feet of retail space,
structured parking for 1,990 cars and a public
amenity and open space element to meet community
development and neighborhood revitalization
objectives. The project required the
acquisition of three land parcels from the
portfolios of an advisory firm, an investment bank
and a private trust to accomplish the assemblage.
Large-Scale, Mixed-Use
Redevelopment Project (New York, New York)
Analyzed the development
feasibility, directed a zoning constraint analysis,
pursued the regulatory permits and structured the
financing for a five-block assemblage and redevelopment
of historic mercantile buildings in South Street
Seaport's historic district into a master planned,
mixed-use project involving a hotel, office space,
apartments, co-ops, and ground level retail space.
The project, which represented the second largest
development project in the district, involved the review
and approval of 27 municipal, regional, and state
agencies and was subject to the constraints of the
historic district master plan as well as five overlay
zoning districts.
Mixed-Use Time
Share Hotel/Retail Development (Newport, Rhode
Island)
photograph
Worked with the
project team of architects, engineers and marketing
and sales staff to finance, develop and sell out
this $14.5 million, 160-unit timeshare hotel and
retail center in downtown Newport. Services
performed included market analysis, design revision
based on market analysis, cash flow projections, and
raising capital for the project. Directed the
timeshare sales program and managed the sales staff
upon funding and construction of the project.
Townhouse
Condominium Development Project (Jackson, New
Hampshire)
photograph
Served as part of the
development team for a three-phase, 120 unit
townhouse condominium project in Jackson (Mt.
Washington Valley area). Tracked unit construction
and sales and analyzed the ongoing financial
performance of the project.
Townhouse
Condominium Development Project (Lynnfield,
Massachusetts)
photograph
Served as part of the
development team for a two-phase, 160 unit townhouse
condominium project in Lynnfield. Provided
marketing support, analysis of financial
performance, and on-site project tracking for the
project team.
Resort Condominium
Development (Snowshoe Mountain, West Virginia)
EREA was part of the
professional team that designed, developed, constructed,
and sold the residential condominiums of a 235-unit,
year-round resort project at Snowshoe Mountain in West
Virginia.
Formation of
Development Joint Venture
(New York, New York)
Structured and negotiated
a joint venture development agreement between a New York
City company and a large national real estate
development company to convert 500,000 SF of enclosed
Hudson waterfront pier space in Midtown Manhattan to
sound studios and production space for the television
and film industry. Also advised the client on
project design, regulatory-related issues and
coordination of project scoping with the joint venture
partner.
Office/Industrial Redevelopment (Norwood,
Massachusetts)
Acquired, renovated and
repositioned a 45,000 square foot office showroom
and warehouse facility near the intersection of
Route 128 and Route 1 in Norwood. The
redevelopment required the replacement of the roof
and roof system, gutting and re-demising the office
area, building out bathrooms and a kitchen area,
replacing part of the sprinkler system and
renovating the exterior half of the building.
Office/Industrial Redevelopment (East Providence,
Rhode Island)
Acquired, renovated and
repositioned a two-story, 30,000 square foot office
and industrial building in East Providence.
The redevelopment involved the gut rehab of the
interior, removal of hazardous materials from the
building, rebuilding of the elevator cabs, repairing
the exterior of the building and various site
features (including the brickface masonry,
sidewalks, parking lot area and loading dock area),
and remediating contaminated soil onsite.
Hotel
Conversion Project (New York, New York)
Analyzed the development
feasibility and structured the joint venture
agreement for converting a failed 120-unit
residential condominium in lower Manhattan into a
120-unit extended-stay suite hotel. The
project required analyzing the structural features
of the existing building, drafting design
specifications for the hotel conversion and re-use
of ground floor common areas, establishing a
development budget based on plans and
specifications, analyzing the market for this
product in lower Manhattan and assembling and
analyzing operating cash flow projections and
financial returns of the project.
Manufactured
Housing Development Project (Harrisonville, New
Jersey)
Analyzed the feasibility
and structured the multiple-phase development
program for a 575-unit manufactured housing
residential development project near Harrisonville.
Mill Building
Conversion to Self-Storage (Peabody, Massachusetts)
Acquired and repositioned
a 45,000 square foot, three-story historic mill
building for re-use as a self-storage facility.
The conversion required town approval of a special
permit and substantial repair and renovation of the
building exterior, interior, and systems (including
the replacement of the elevator).